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Latest Articles in ub group

Vijay Mallya To Lose His Last Jewel!

Heineken’s primary dilemma could be between a long legal fight or to settle it with a cost. But, what is obvious in the matter as of now is an imminent exit of Vijay Mallya from United Breweries, the last jewel that remained in his business empire, too finally

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United Spirits Finds Rs 1,225.3 Crore Fund Diversion, Holds Vijay Mallya Liable

In fresh troubles for Vijay Mallya, Diageo-controlled United Spirits on Saturday disclosed fund diversion and improper transactions worth Rs 1,225.3 crore involving entities linked to the embattled former Chairman, including Kingfisher Airlines and his Formula One team

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5,275 Wilful Defaulters (+ Mallya) Owe Banks Rs 56,621 Crore

In 2002, the total amount owed by wilful defaulters was Rs 6,291 crore ($9.3 billion). It grew—as we said—nine-fold over the next 13 years to Rs 56,521 crore ($83.9 billion).

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Has Vijay Mallya Already Left India?

A consortium of 13 banks moved the Supreme Court on Tuesday to restrain UB Group chairman Vijay Mallya from leaving the country, as they seek to recover Rs 9,000 crore in loans owed by his grounded Kingfisher Airlines

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SBI Seeks Vijay Mallya's Arrest, Seizure Of Passport: Report

The immediate objective of the lenders moving the DRT is to secure a first right on the $75 million severance package that Mallya will be getting for quitting Diageo-owned United Spirits (USL) as its chairman last week.

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Vijay Mallya Steps Down From United Spirits

Mallya's resignation as chairman was expected since the company sought intervention of Securities and Exchange Board of India and other regulators following alleged illegal financial deals

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It's Either Popularity Or Profitability - Never Both

Too much of popularity is a liability - socially as well as financially. You need to expose yourself more cautiously especially when you are in serious business.

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